NBCC (India) Market Value
| NBCC Stock | 94.43 2.67 2.75% |
| Symbol | NBCC |
NBCC 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to NBCC's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of NBCC.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in NBCC on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding NBCC Limited or generate 0.0% return on investment in NBCC over 30 days. NBCC is related to or competes with MRF, JSW Holdings, Maharashtra Scooters, Nalwa Sons, Kalyani Investment, Pilani Investment, and Vardhman Holdings. More
NBCC Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure NBCC's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess NBCC Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 11.05 | |||
| Value At Risk | (4.73) | |||
| Potential Upside | 4.73 |
NBCC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NBCC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NBCC's standard deviation. In reality, there are many statistical measures that can use NBCC historical prices to predict the future NBCC's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (0.36) |
NBCC Limited Backtested Returns
NBCC Limited retains Efficiency (Sharpe Ratio) of -0.13, which conveys that the company had a -0.13% return per unit of risk over the last 3 months. NBCC exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NBCC's Mean Deviation of 1.8, coefficient of variation of (845.13), and Market Risk Adjusted Performance of (0.35) to check out the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.84, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NBCC's returns are expected to increase less than the market. However, during the bear market, the loss of holding NBCC is expected to be smaller as well. At this point, NBCC Limited has a negative expected return of -0.32%. Please make sure to verify NBCC's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if NBCC Limited performance from the past will be repeated in the future.
Auto-correlation | -0.89 |
Excellent reverse predictability
NBCC Limited has excellent reverse predictability. Overlapping area represents the amount of predictability between NBCC time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NBCC Limited price movement. The serial correlation of -0.89 indicates that approximately 89.0% of current NBCC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.89 | |
| Spearman Rank Test | -0.94 | |
| Residual Average | 0.0 | |
| Price Variance | 8.55 |
NBCC Limited lagged returns against current returns
Autocorrelation, which is NBCC stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting NBCC's stock expected returns. We can calculate the autocorrelation of NBCC returns to help us make a trade decision. For example, suppose you find that NBCC has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
NBCC regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If NBCC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NBCC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NBCC stock over time.
Current vs Lagged Prices |
| Timeline |
NBCC Lagged Returns
When evaluating NBCC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NBCC stock have on its future price. NBCC autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, NBCC autocorrelation shows the relationship between NBCC stock current value and its past values and can show if there is a momentum factor associated with investing in NBCC Limited.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for NBCC Stock Analysis
When running NBCC's price analysis, check to measure NBCC's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NBCC is operating at the current time. Most of NBCC's value examination focuses on studying past and present price action to predict the probability of NBCC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NBCC's price. Additionally, you may evaluate how the addition of NBCC to your portfolios can decrease your overall portfolio volatility.